Capture underwriting profits.

Increase revenue.

Artex can assist a range of interested parties from large Private Equity Houses and multinational insurance operations through to Managing General Agents (MGAs) and other intermediaries operating in the UK and Continental Europe to leverage the full benefit of insurance portfolios or niche insurance products that have been built or developed, either by establishing their own insurance company or through the use of a Protected Cell Company (PCC).

Establishing your own company.

We help prospective insurers establish their own venture with the establishment of their own insurance company within the EU. Under the EU Life and Non-Life 1st to 3rd Insurance Directives, and through local enabling legislation, a licensed EU insurance company is authorised to underwrite life or general insurance business directly into the UK, EU and European Economic Area (EEA) States. Artex is able to assist prospective insurers to establish an insurance company under either “the freedom to provide services,” i.e., to provide business services on a cross-border basis; or “the freedom of right of establishment,” namely, to provide business services through a permanent presence in another EEA-member state.

We have the ability to offer two EU jurisdictions – Gibraltar and Malta – with staff that possesses the knowledge, experience and proven performance in the UK and Continental European markets.

Post-licence, Artex can provide a range of insurance management services including but not limited to: finance, accounting, governance and compliance, Solvency II (Pillars 1, 2 & 3) and company secretarial.

Target Business Size & Necessary Criteria:

  • A minimum annual gross written premium of £5 million to £10 million
  • Direct and Reinsurance
  • All classes of business
  • Solvency II legislation
  • Control and oversight from the host state

Setting up a cell facility.

Artex can also help intermediaries, brokers and MGAs grow their revenue on profitable accounts of business and exert greater control over underwriting capacity with the use of a Malta or Gibraltar-domiciled PCC. This is an attractive entry into direct underwriting, offering MGAs and other insurance producers the opportunity to establish a cell within an existing facility and benefit from low set-up costs and capital requirements. A PCC allows insurance products to be directly underwritten while providing the ability to gain control over rating, policy coverage and claims. A Malta or Gibraltar PCC is authorised under the EU Life and Non-Life 1st to 3rd Insurance Directives, through local enabling legislation, to underwrite life or general insurance business directly to the EU and EEA States. 

Artex’s expertise in the creation of underwriting structures, and our experienced Maltese and Gibraltar operations, enable us to effectively guide our clients through the entire project to form a PCC cell insurer.

Target Business Size & Necessary Criteria:

  • Intermediaries, brokers, MGAs and other insurance producers with profitable business accounts
  • Gross Written Premium of £1 million-plus
  • Suitable for all classes of insurance business, particularly lines with low claims volatility
  • Insurance producers with strong control over all front-end functions including marketing, policy issuance, premium collection, etc.

Features & benefits of forming an European insurance company or PCC.

  • Control over areas of strategic management, future growth and expansion
  • Increased revenue through underwriting profits
  • Greater freedom than traditional offshore location due to status within EU
  • Capitalise on UK and European connections with easy access to the UK and much of Europe
  • Comparatively low-cost EU jurisdictions
  • Positive approach to insurance industry regulation
  • Access to a modern and educated infrastructure

    With over 20 years’ experience in Europe, Artex works side by side with our clients, providing them with all that is required in establishing a European insurance company or PCC – from feasibility studies to the licensing application process and managing the company for a smooth and successful operation.

Get Forward-Thinking Solutions... with Artex.

At Artex, we take your business personally. We do more than provide solutions. We create sustainable risk management alternatives, specifically tailored to the financial goals of your unique business. We get to know you. We get to know your industry. We seek to understand your current challenges, and search for emerging trends, so you can make the right decisions that drive your organization forward.

At our core, we’re innovators… just like you. We bring vision and creativity to each and every solution, informed by our global insight, expertise and experience in the full spectrum of risk management alternatives – from Insurance Management and Captive Solutions to Program and Facility Management, ILS and Structured Transaction Administration, Risk Management, PEOs, Risk Pooling and Specialty Guaranteed Cost Programs.

We deliver results.  |  Over 400 professionals.  |  More than 15 offices internationally.

Any alternative risk.  |  Anytime.  |  Anywhere.  |  Learn more about who we are and what we do.

Have a question?

 

We have an answer. Please fill out this form, and an Artex expert will contact you.